Twitter Gains 5 Million Users in Q3, Misses Earnings Expectations on Litigation-Settlement Charge

Q3 revenue totaled $1.28 billion, an increase of 37% year over year. ○ US revenue totaled $742 million, an increase of 45% year over year. Net loss was $537 million, representing a net margin of -42% and diluted earnings per share of -67 cents. The loss in the period includes a one-time litigation-related net charge of $766 million for Q3, related to the company’s

agreement to settle a class-action lawsuit alleging Twitter and its executives provided misleading user-engagement info to investors

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